92% of MATIC Addresses Are ‘Out Of The Money’, What Does This Mean

Quick Summary:

Most MATIC addresses are "out of the money.”  Declining whale transactions may reduce short-term volatility and support a bullish reversal.

Polygon’s native token, MATIC, is in the news today after it hit a nine-month low on the charts.

As expected, this has raised some concerns among investors and traders alike.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: 92% Matic Latest News Out Of The Money MATIC Addresses News Polygon

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-30 @ 20:12:09 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 369 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21430317

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 12 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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